News / Taiwan / economic_daily
Shinkong Steel Reports 56% Surge in October Revenue; Q3 EPS Hits NT$6.59
Non-Energy Minerals · Steel · economic_daily · 2026-11-09
2031
Shinkong Steel saw its October revenue jump 56% year-on-year, driven by robust domestic demand, while maintaining strong profitability with a Q3 EPS of NT$6.59.
What Happened
Revenue Growth: Shinkong Steel reported a 56% year-on-year increase in October consolidated revenue, reaching NT$1.77 billion, with cumulative revenue for the first ten months hitting NT$16.2 billion. The company attributed this strong performance to a significant rise in domestic demand and increased shipment volumes.
Profitability: The company achieved a net profit of NT$2.11 billion for the first three quarters, resulting in an EPS of NT$6.59. With gross and operating margins at 13.2% and 9.4% respectively, the firm demonstrated solid core business performance supplemented by significant non-operating income.
Market Analysis: Analysts noted that Shinkong Steel's diversified business model allows it to maintain a competitive edge despite global steel price volatility. The company's ability to capture domestic demand has proven essential in navigating current supply chain adjustments.
Outlook: Looking ahead to Q4, signs of stabilization in Asian steel prices suggest a more favorable environment for order intake. While the company remains optimistic about maintaining full-year growth, future profitability will depend on steel price spreads and the consistency of non-operating gains.